Obama decrees HC companies will ESTIMATE the money, and fedgov will cut a check

quote:President Barack Obama's administration has found a short-term fix to pay insurance companies for plans selected on HealthCare.gov, the not-yet-complete government website used to shop for insurance required under Obama's healthcare program

quote:Health plans will estimate how much they are owed, and submit that estimate to the government. Once the system is built, the government and insurers can reconcile the payments made with the plan data to "true up" payments, he said.

re: Obama decrees HC companies will ESTIMATE the money, and fedgov will cut a check(Posted by deltaland on 12/3/13 at 8:13 pm to CptBengal)

Basically, since there is no way on the site for people to pay for their insurance who receive subsidies, the insurance companies will tell the Gov't how much they think they should be paid, and the Gov't will pay it?

Yes, that should end well. No dishonesty or fraud will happen with that

re: Obama decrees HC companies will ESTIMATE the money, and fedgov will cut a check(Posted by deltaland on 12/3/13 at 8:22 pm to Scruffy)

quote:The frick?

This is the part where the Gov't makes the huge payouts to insurance companies that were promised them, right before they take down the entire law and health insurance industry in favor of single payer.

re: Obama decrees HC companies will ESTIMATE the money, and fedgov will cut a check(Posted by LSUGrrrl on 12/3/13 at 8:34 pm to CptBengal)

quote:Health plans will estimate how much they are owed, and submit that estimate to the government. Once the system is built, the government and insurers can reconcile the payments made with the plan data to "true up" payments, he said.

re: Obama decrees HC companies will ESTIMATE the money, and fedgov will cut a check(Posted by deltaland on 12/3/13 at 8:51 pm to BlackHelicopterPilot)

quote:These people are hoping to kick the can past the mid term elections.

This is putting a coat of paint over a rotten house and hoping to sell it before it falls down

Except in this particular case it has nothing to do with the individual, but rather the transfer of subsidy payments for applied plans to the insurers. There is no digital system on the website to verify the applicants, and transfer payments that are owed.

So basically:

Gov't to insurer: How much do you estimate we owe you?

Insurer: LOL 1 billion dollars

Gov't: Ok, here you go.

The Obama administration is doubling down on stupid, and is obsessed, hell bent on making this law work somehow no matter how much it costs.

It is sickening and hilarious at the same time. The ACA will ruin the Dems for a long time if they keep it up